Elon Musk’s xAI Joins $30 Billion Fund with Morgan Stanley & BlackRock

Elon Musk’s artificial intelligence startup, xAI, has partnered with Morgan Stanley and BlackRock to participate in a $30 billion investment fund.
The partnership signals a major expansion for xAI, which aims to compete with companies like OpenAI, Google DeepMind, and Anthropic.
This move highlights the increasing investor interest in AI technologies and their role in shaping future industries.
The fund will provide capital to accelerate xAI’s research and development in AI-driven applications.
Source: https://timesofindia.indiatimes.com/business